Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) Short Interest Update

Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 600 shares, a decrease of 88.5% from the August 15th total of 5,201 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 20,407 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily XOM Bull 2X ETF Stock Up 1.1%

Shares of XOMX stock traded up $0.54 during mid-day trading on Thursday, reaching $49.96. 21,210 shares of the company’s stock traded hands, compared to its average volume of 35,875. Direxion Daily XOM Bull 2X ETF has a 12 month low of $24.92 and a 12 month high of $60.28. The company has a market cap of $9.99 million, a P/E ratio of 12.94 and a beta of -2.38. The company’s 50-day moving average price is $44.30 and its 200-day moving average price is $44.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X ETF stock. Bank of America Corp DE acquired a new position in shares of Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned approximately 16.67% of Direxion Daily XOM Bull 2X ETF at the end of the most recent reporting period.

Direxion Daily XOM Bull 2X ETF Company Profile

Direxion Daily XOM Bull 2X Shares is a leveraged exchange-traded fund (ETF) designed to provide daily investment results, before fees and expenses, of 200% of the performance of Exxon Mobil Corporation (NYSE: XOM) common shares. This fund offers amplified exposure to Exxon Mobil stock for active traders aiming to capitalize on short-term price movements. It is intended for knowledgeable investors who understand the risks of leverage, including volatility and compounding effects, and who actively monitor their portfolios.